Have you been paying attention to shares of KBR Inc. (KBR) ? Shares have been on the move with the stock up 12.4% over the past month. The stock hit a new 52-week high of $69.59 in the previous session. KBR Inc. has gained 25.4% since the start of the year compared to the 23.1% move for the Zacks Construction sector and the 31.1% return for the Zacks Engineering - R and D Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ...

HOUSTON, Oct. 14, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, the onshore portion of the Manatee gas field project.Under the terms of the contract, KBR will provide engineering and procurement services for Shell's Manatee project located in the East Coast Marine Area of Trinidad and Tobago. The Manatee gas field supports global energy security and natural gas production, providing gas for the co ...

Core Viewpoint - KBR Inc. has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings potential, which is expected to drive stock price increases [1][2]. Earnings Outlook - The Zacks Consensus Estimate projects KBR to earn $3.25 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 11.7% [5]. - Over the past three months, analysts have raised their earnings estimates for KBR, with a 1% increase in the Zacks Consensus Estimate [5]. Zacks Rating System - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements, making it a valuable tool for investors [3][4]. - KBR's upgrade to Zacks Rank 1 places it in the top 5% of stocks covered by Zacks, indicating superior earnings estimate revisions and potential for market-beating returns [6][7].

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with KBR Inc. identified as a strong candidate due to its favorable growth metrics and Zacks Rank [1][6]. Earnings Growth - KBR has a historical EPS growth rate of 16.5%, with projected EPS growth of 11.6% for the current year, surpassing the industry average of 11.3% [3]. Asset Utilization Ratio - KBR's asset utilization ratio (sales-to-total-assets) stands at 1.25, indicating that the company generates $1.25 in sales for every dollar in assets, compared to the industry average of 1.14. Additionally, KBR's sales are expected to grow by 9.4% this year, outpacing the industry average of 6.6% [4]. Earnings Estimate Revisions - The current-year earnings estimates for KBR have been revised upward, with the Zacks Consensus Estimate increasing by 0.1% over the past month, indicating a positive trend in earnings estimate revisions [5]. Overall Positioning - KBR holds a Zacks Rank of 2 (Buy) and a Growth Score of A, positioning it well for potential outperformance in the growth stock category [6].

Group 1 - KBR will host a conference call on October 23, 2024, to discuss its third quarter 2024 financial results [1] - The earnings release and presentation will be available on KBR's website prior to the call [1] - The conference call will be webcast live and a replay will be accessible afterward [1] Group 2 - KBR employs approximately 36,000 people across 33 countries, providing diverse and mission-critical roles [2] - The company delivers science, technology, and engineering solutions to both governments and companies globally [2] - KBR focuses on providing technology, value-added services, and long-term operations and maintenance services [2]

Group 1: Contract Details - KBR, Inc. has secured a $113 million contract with the U.S. Air Force for the Future Tankers Program, spanning five years and involving research, development, and testing for aeronautical systems [1] - The contract includes a variety of services such as engineering, logistics, security, cybersecurity, and program management, contributing to the development of the Next Generation Air-refueling System and modernization of legacy tanker systems [2] Group 2: Strategic Importance - This contract enhances KBR's influence in defense-related digital engineering and supports broader U.S. defense initiatives, modernizing mission-critical operations [3] - KBR's involvement in the project is expected to strengthen its ties to the Department of Defense, positioning the company for future government contracts and long-term growth in the defense sector [3] Group 3: Financial Performance - KBR's shares have underperformed the Zacks Engineering - R and D Services industry over the past six months, but earnings estimates for 2024 have increased to $3.25 per share from $3.22, indicating analysts' optimism [4] - The company is expected to benefit from new and on-contract growth across its businesses and increased demand for sustainable services and technology [5] Group 4: Zacks Rank and Comparisons - KBR currently holds a Zacks Rank 2 (Buy) [6] - Other top-ranked stocks in the same space include Sterling Infrastructure, Inc. with a Zacks Rank 1 (Strong Buy) and Howmet Aerospace Inc. with a Zacks Rank 2, both showing positive sales and EPS growth estimates for 2024 [6][7]

Group 1: Contract and Project Details - KBR's joint venture, KTJV, has secured a contract from Lake Charles LNG Export Company to support the development of a world-class LNG facility, transforming an import facility into an export facility [1] - The project aims to meet growing global LNG demand, delivering three liquefaction trains and upgrading facilities to enable the export of 16.45 million metric tons per year of LNG, pending a notice to proceed [1][2] Group 2: Market Position and Performance - KBR's stock has underperformed compared to the Zacks Engineering - R and D Services industry over the past three months, facing challenges from macroeconomic concerns and sector-specific headwinds [3] - Despite this, KBR's new and on-contract growth, along with increased demand for sustainable services, is expected to be beneficial in the near future [5] Group 3: Financial Metrics and Backlog - In Q2 2024, KBR received $2.1 billion in bookings, with total revenues increasing by 6% year-over-year to $1.86 billion, driven by growth in Sustainable Technology Solutions and Government Solutions [6][7] - As of June 28, 2024, KBR's total backlog was $20.1 billion, down from $21.73 billion at the end of 2023, with Government Solutions contributing $12.89 billion and Sustainable Technology Solutions $3.92 billion [7] - KBR raised its adjusted EPS projection to $3.15-$3.30, reflecting an 11.7% year-over-year growth in EPS, with a Zacks Consensus Estimate of $3.25 for 2024 [7] Group 4: Industry Context and Competitors - The global emphasis on energy security and climate change is providing significant tailwinds for KBR, which has over five decades of design engineering expertise [6] - Other top-ranked stocks in the same sector include Sterling Infrastructure, Howmet Aerospace, and M-tron Industries, with positive sales and EPS growth projections for 2024 [8][9]

Core Points - KBR has been awarded a $113 million task order for aeronautical systems research and development for the U.S. Air Force over five years [1] - The contract is part of the Department of Defense Information Analysis Center's multiple-award contract vehicle, aimed at enhancing the DTIC repository and the R&D community [1][3] - KBR will provide various analyses including program management, engineering, logistics, security, cybersecurity, and administrative support for the Future Tankers Program Office [2] - The work will support the Next Generation Air-refueling System development and the recapitalization of legacy tanker aircraft mission systems [2] - KBR emphasizes its commitment to digital engineering initiatives and defense modernization through this contract [2] - The company aims to foster a digital workforce to improve analysis and decision-making, achieving cost and schedule savings while reducing risks in military systems [2] Company Overview - KBR delivers science, technology, and engineering solutions globally, employing approximately 36,000 people and serving customers in over 80 countries [4] - The company focuses on providing technology, value-added services, and long-term operations and maintenance services to ensure predictable results [4]

HOUSTON, Sept. 19, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that KTJV, a KBR and Technip Energies joint venture, has been selected by Lake Charles LNG Export Company, a subsidiary of Energy Transfer LP, for its Lake Charles LNG transformation project.Under the terms of the agreement, KTJV will provide high-end engineering, procurement, construction management, construction, commissioning, startup and other related services, subject to Lake Charles LNG's decision to issue a notice to proceed for ...

KBR, Inc. (KBR) has been awarded a $230 million cost-plus-fixed-fee contract by the Department of Defense Information Analysis Center. This contract is part of a larger initiative by the U.S. Air Force’s 774th Enterprise Sourcing Squadron to enhance information systems and provide logistics IT solutions for Naval Air Systems Command (NAVAIR) and other key military branches. The five-year contract will primarily focus on modernizing information systems, conducting research, and improving logistical IT for U. ...